Bidness Etc - Tesla Advises Customers against Customization of Cars

Last week, Tesla Motors submitted the company’s final report to Securities Exchange Commission in which the company was seen to have advised its customers to not opt for customization of their cars. This, to the customers, was a surprising factor to which the company explained that this customization of cars is expected to put a bad impact on the car making business of the firm in near future. The company has told the customers to buy the cars as the company is producing and not take customization as an option as now the company will be making a decrease in producing customized cars.
The electric car makers have related customization of cars to ‘hacking’ as they believe that car buyers who wish to have their cars made according to their wants will be satisfied for a little time only and it will not be long before they start having problems with the functionality of their cars and it might cause damage to the system of cars that Tesla Motors (NASDAQ: TSLA) is creating. By systems, the company means the safety systems of the company’s car as being the creators and producers of the system, the company knows the durability that they carry.
The automakers also added in the filing to the SEC that the electric system that its cars carry does not go along with the customer’s idea and demand for customization. They’ve also given emphasis to c advising the customers to stay away from practices that damage their cars.
As for the analysts, quite a few are of the opinion that this cautionary announcement by the company is just a note of warning for its customers that should be taken into consideration. However, some analysts are also suggesting that this act of the company shows that the Tesla Motors has a weak standing in the financial market and there are possibilities for the company to face a decline in the future. Analysts also believe that these warnings are due to the fact that the company cars are expected to create problems in the future for its users by not being durable and reliable.
The auto making company faced a downfall in the price of the shares by 3% in the trading session on Monday 2nd March, but the shares saw a definite increase in price on Tuesday, 3rd March 4, 2015 after a successful trading session in the open market.

Bidness Etc - Tesla Motors Doubles Workforce

Tesla Motors is seen to be expanding its business as it is employing new people for new projects quite rapidly. According to a report by Wall Street, the company has set goals to hit new highs in the upcoming quarters for which it is currently working to hire more and expand more. A company that was founded only a decade ago has been flying high with the production and sales of electric cars and plans to continue with the success.
Growth of the company has increased briskly in the past couple of years. The company’s development is evident from its past sales as in 2012, the automakers only managed to sell a few thousand Model S sedans, while in 2014 the electric car makers were successful in selling around 30,000 electric vehicles.
Analysts are of the opinion that Tesla (NASDAQ: TSLA) is not ready yet to back down and this is something that should interest the investors and the company’s fans alike.
According to analysts at Wall Street, the electric car making company has on track in expanding in business and its workforce by double the number of employees that it had last year.
Currently, Tesla aims at stepping into the already established markets and take huge steps to enter places that it has not yet reached. For that purpose, the American company has raised its workforce from a total of 5,859 employees in 2013 to 10,161 workers in 2014, marking an eminent rise in the employees of the company.
In a press conference held at the start of 2015, Tesla’s CEO Elon Musk declared that Apple Inc (NASDAQ: AAPL) is trying to steal the auto company’s employees for the purpose a classified car project, by hiring them on a higher pay scale. These employees, according to Musk, were the most talented employees of the company and he complained that Apple was stealing them from his company by offering them huge bonuses and around a 60% raise in salaries.
However, a report by Bloomberg states that Tesla has been successful in hiring around 160 Apple employees which are more in number than the workers Apple has taken away from the automakers.
Elon Musk also mentioned in a recent conference that it is a probability that the company’s sales stay under expectations for the next five years, up until the time when around a million electric vehicles will be getting produced by the company, a statement that shows that Tesla is working hard to increase its volume of production.